34. Solomon Industries just announced that it will cut its dividend from $3.00 to $2.00 per share and use the extra funds to expand its future operations. Solomon's dividends were expected to grow at a 2% rate, and its share price was $37.50. With the new expansion, Solomon dividends are expected to grow at a 5% rate. Solomon's share price following this announcement should be: A) $20.00 B) $37.50 C) $40.00 D) $30.00